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ShaMaran Petroleum (CVE:SNM) Share Price Passes Below 50-Day Moving Average - Should You Sell?

ShaMaran Petroleum logo with Energy background

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report)'s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.19 and traded as low as C$0.19. ShaMaran Petroleum shares last traded at C$0.19, with a volume of 22,380 shares.

ShaMaran Petroleum Price Performance

The stock has a market capitalization of C$350.19 million, a PE ratio of 4.77 and a beta of 1.14. The company has a current ratio of 4.89, a quick ratio of 1.07 and a debt-to-equity ratio of 100.09. The firm's 50-day moving average price is C$0.19 and its 200-day moving average price is C$0.17.

ShaMaran Petroleum Company Profile

(Get Free Report)

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.

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